I

1.a

Does the GOCC disclose a policy that: Stipulates the existence and scope of its effort to address customer's welfare?

The PRA has identified its stakeholders and documented the same in the PRA Quality Management System (QMS) Manual and PRA Stakeholder Engagement and Management Plan (SEMP).

In accordance with the PRA Quality Policy, the Agency is committed to provide quality public service in the performance of its mandates. The PRA QMS Manual integrates the needs and expectation of the Agency’s relevant interested parties as a source of information in its planning process and strategy formulation. The matrix of needs and expectations of identified relevant interested parties is used as basis to improve PRA's products and services and increase stakeholder satisfaction.

The PRA also developed its SEMP to determine the stakeholders' concerns, issues and feedback and integrate them into PRA's decision-making process. The grievance mechanism institutionalized by the SEMP seeks to address the concern or complaint raised by those affected by the projects and policies of the PRA.

It is also stated in the PRA's Manual of Corporate Governance to ensure fair treatment of stakeholders and to strengthen PRA’s relations with them.

Y

PRA Quality System (QMS) Manual
- Relevant Interested Parties

- Stakeholders Management and Quality Policy

- Stakeholder Engagement and Management Plan (SEMP)

- SEMP Grievance Machinery

- Manual of Corporate Governance 

 I

 1.b

Does the GOCC disclose a policy that: Elaborates its efforts to interact with the communities in which they operate?

The PRA CSR Statement provides the basis of the acceptance of reclamation proposals with significant value on its environmental impact, environmental sustainability, and disaster risk reduction components. It affirms that its operations and programs inherently affects not only the environemnt but also the lives and welfare of involved communities. It stipulates that the PRA allocates material and human resources to initiate or enhance community projects primarily for settlements affected by reclamation programs. To achieve inclusive growth, the PRA is committed to establishing an institutional mechanism for educating the public about reclamation and integrating their views in reclamation activities

The PRA CSR statement is stipulated and affirmed in the PRA's Manual of Corporate Governance. The PRA’s Mission and Vision Statements likewise provides emphasis on the environmental sustainability of its reclamation activities consistent to the public interest. While the PRA Quality Policy affirms the Agency's committment to providing quality public service to the people through the standard that it adheres to.

 Y

- PRA CSR Statement

- Manual of Corporate Governance 

- PRA Corporate Statements 

 I

 1.c

Does the GOCC disclose a policy that: Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?

The PRA CSR Statement provides the basis of the acceptance of reclamation proposals with significant value on its environmental impact, environmental sustainability, and disaster risk reduction components. It affirms that its operations and programs affect the environment and that reclamation projects shall be undertaken in an environmentally sustainable manner consistent with public interest. The acceptance of reclamation proposals are decided according to the outcome of a cost vs benefit analysis whereby the project proceeds when the benefit outweighs the cost except when the costs will be environmental degradation and imminent danger to people’s lives. PRA strictly observes the outcome of an Environmental Impact Assessment before approving any project. In the course of project implementation, environmentally sustainable innovations and disaster risk reduction components are integrated through hard and soft engineering.

PRA’s Mission and Vision Statements provides emphasis on the environmental sustainability by creating well-planned, environmentally resilient and sustainable reclaimed lands and efficiently developed and managed public estates.

The PRA also issued Administrative Order No. 2021-02, or the "Policy and Guidelines Governing The Social Environment Fund (SEF) Collected From Reclamation Projects", published and effective on June 18, 2021. The policy provided concrete guidelines on setting up environmental fund to be used for any nvironmental and socio-economic enhancement purposes related to reclamation projects or coastal protection initiatives. In general, the funds shall be used for activities contributing to natural resources management, preservation, protection, and enhancement of the environment, related researches, studies, and trainings, incentive measures provided for environmental legislation, and other activities deemed useful for the protection of the environment.

 Y

- PRA CSR Statement 

- Manual of Corporate Governance 

- PRA Corporate Statements 

- AO 2021-02 

 I

 2.a

Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Customer health and safety)

PRA commits the promotion of health, safety and welfare of its stakeholders through the following activities:

Road Repair for Convenience of the Motoring Public in PRA Roads:
PRA continuously performs the necessary actions towards the maintenance and timely repair of PRA roads for the benefit of its motoring public/stakeholders. In 2021, PRA contracted the services of SOCOR Construction Corporation for the infrastructure project for road repair works along Asean Avenue, President Diosdado Macapagal Boulevard (PDMB), and J.W. Diokno (Bay) Boulevard through cutting and squaring. The contract involved repair of damaged pavements inventoried on May 20, 2020 with a total area of 3,932.68 sqm by removal and replacement of 4 inches thick asphalt. The contract was awarded on July 13, 2021 and the road repair works commenced from July 14, 2021, which was completed on September 15, 2021. Thesel measures were undertaken in response to the need to prevent continuous distress and deterioration of the damaged pavements brought about by the rainy weather conditions and continuous passage of vehicles posing hazards and inconvenience to the stakeholders and motoring public.

Installation of Cross Drain in PDMB to Mitigate Flooding For Motoring and Commuting Public:
To address the flooding situation at the President Diosdado Macapagal Boulevard, at the exit of PITX in the vicinity of Asiaworld, the PRA, in partnership with the local government of Paranaque City, together with the inter-agency group composed of MMDA, DPWH, DOTr, and PITX, commenced the installation/construction of cross drainage on December 8, 2021. The initiative was completed on January 15, 2022, and monitoring on the area is conducted to ensure that the flooding situation has improved or was eliminated. The measure was undertaken to address the public commuters and motorists' needs for smooth and safe passage and transporation along the area.

Issuance of Advisories and Safety Protocols for PRA Stakeholders:
The PRA issued series of advisories to its stakeholders regarding the processes, protocols and precautionary measures being implemented in its transactions and within the PRA premises to minimize health risks within and among the PRA employees and stakeholders.

Inclusion of Stakeholders' Safety in the PRA Workplace Handbook on COVID-19 Management and Prevention:
As the PRA Board adopted and approved the PRA Workplace Handbook on COVID-19 Management and Prevention, effective July 8, 2021, certain safety measures and protocols were included therein pertaining to health and safety of the PRA Stakeholders.

 Y

- Completed Road Repair Works for Convenieence of Motoring Public 

- Completed Installation Works of Cross Drain 

- Health and Safety Protocols for Stakeholders and Employees [Note: Further advisories were posted in the PRA website]

- Stakeholders' Safety: PRA Workplace Handbook on COVID-19 Management and Prevention - pages 24 and 25 

I 

2.b

Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Interaction with the communities)

Interaction with Communities of Municipalities of Virac and Baras in the Formulation of Coastal Management Strategy Roadmap:
Pursuant to PRA's Mission and Vision and CSR Statements, PRA integrates disaster risk reduction through hard and soft engineering as components of its annual and continuing initatives with and for vulnerable coastal communities. In 2021, PRA’s assistance in the formulation of Coastal Protection/Management Strategies (CPMS) by LGUs, continues to be implemented in other priority areas that are most vulnerable to the impacts of climate change. Both municipal mayors of Baras and Virac, including the provincial governor, pledged full support and expressed appreciation of the initiative in separate courtesy calls. On November 2020 and June 28, 2021, agreements with the Municipalities of Baras and Virac were formalized, respectively. Groundwork with these communities were undertaken by PRA from May 9-16, 2021, including actual site inspections, environmental scanning, verification and validation of secondary data, stakeholders’ consultations, investigation and data validation, and presentations to various stakeholders.

GAD Livelihood Program for Communities:

The PRA Gender and Development (GAD) initiated its Livelihood Training Program by sending correspondence/proposal to the LGU of Las Pinas City. The target beneficiaries are the affected families of the construction of the Manila Cavite Coastal Road and Reclamation Project along the R-1 land strip, covering four (4) Barangays of Manuyo Uno, Daniel Fajardo, Ilaya and Aldana in Las Pinas City. Said families were relocated from the road-right-of-way of the service road to the marginal properties within the periphery of the coastal road. To assist the communities, the PRA shall provide the full funding for the livelihood training program.

 Y

- Groundwork for Coastal Management Strategy Roadmap for Communities in Catanduanes 

- PRA GAD Livelihood Program for 2021 

 I

 2.c

Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Environmentally-friendly value chain)

Environmentally Resilient and Sustainable Projects:
Pursuant to the PRA's Mission and Vision and CSR Statements, PRA places significant value on the environmental impact and environmental sustainability, of any project. This is realized by requiring Environmental Compliance Certificate (ECC) compliance prior to the start of any reclamation projects. PRA continued monitoring the proponents’ compliance to the ECC conditions by participating as resource person and regular member of the Multi-Partite Monitoring Teams (MMT).

Several MMT activities were conducted virtually from March 2021 to December 2021.

Promotion and Integration of Coastal Protection Strategy in Vulnerable Areas:
Pursuant to PRA's Mission and Vision and CSR Statements, PRA integrates disaster risk reduction through hard and soft engineering as components of its annual and continuing initatives with and for vulnerable coastal communities. In fulfillment of its mission to promote coastal protection and resilience, PRA initiated the formulation of a Roadmap towards a Coastal Management Strategy for the municipalities of Baras and Virac in Catanduanes on May 09-16, 2021. The Coastal Management Strategy is envisioned to provide a long-term coastal zone management plan and disaster risk reduction measures in Catanduanes.

Internal Environment-Friendly Initiatives:
The PRA office continues to adhere to the Cost-Cutting Measures implemented within the office.

 Y

- PRA's Monitoring of ECC Conditions and Participation as MMT Member in Various Projects

- Groundwork for Coastal Management Strategy Roadmap for Communities in Catanduanes

- Memorandum on Cost-Cutting Measures 

 I

3

Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section?

The PRA has a separate CSR section in its website. CSR-related data and information are also disclosed and integrated in the Quality Management System (QMS) Manual and Stakeholders Engagement and Management Plan (SEMP).

The Stakeholder Map, as reflected in the PRA's SEMP, lays out the identified PRA stakeholders with their corresponding designation as either possessing high or low power to affect the pulic perception of PRA and its projects, and either indicating high or low support in the PRA's projects. Said mapping was formulated based on these stakeholders' perception and issues raised before the Agency. With the said stakeholders' map, the PRA identified various stakeholders' engagement strategies in order to mitigate or address their issues and concerns against the PRA and its projects, and/or increase stakeholder support towards PRA and its projects. These strategies eventually formed part of the PRA's charter statement and performance scorecard for CY 2021 where one of the strategic objective was to "increase support of stakeholders, address concerns of affected communities and gain social acceptance of development projects".

Among the 2021 activities conducted as part of the PRA's strategy in addressing stakeholder concerns are conduct of livelihood trainings, stakeholder consultations and data collections from communities for the formulation of coastal protection strategies, facilitation of short courses, presentation of coastal protection strategies to gain support from LGUs and municipal mayors or vulnerable areas, monitoring and review of compliance with Environmental Compliance Certificate conditons by project proponents, and participation in committee meetings of proposed house bills.

Y 

- PRA CSR Statement 

- SEMP Stakeholder Map 

- CY2021 Strategy Map and Charter Statement 

- PRA Activities as part of Strategies to Address Stakeholder Concerns

- PRA's Monitoring of ECC Conditions and Participation as MMT Member in Various Projects 

- Groundwork for Coastal Management Strategy Roadmap for Communities in Catanduanes 

- PRA GAD Livelihood Program for 2021 

 I

 4

Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. Does the GOCC provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?

The PRA website has a page for Telephone Directory with phone numbers, PRA email, and office address and the following statement: "For suggestions/complaints/queries, please call our hotline at 0917-5954526. You may also send us an email at This email address is being protected from spambots. You need JavaScript enabled to view it."

The PRA website also publishes its Citizen's Charter with Feedback and complaints Mechanism (included are the procedures and relevant email and hotline numbers) for stakeholder/client's concerns, feedback, complaints for PRA government services: "For feedback and/or complaints about PRA services and processes under its Citizen’s Charter, you may reach us through any of the
following channels: (email) This email address is being protected from spambots. You need JavaScript enabled to view it.; (hotline numbers) 8459-5000 loc. 8605 or (+639)178109171"

 Y

- PRA Telephone Directory

- PRA Feedback and Complaints Mechanism

 I

 5.a

Performance-enhancing mechanisms for employee participation should be permitted to develop. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?

The PRA maintains the implementation of the PEA – Program on Awards and Incentives for Service Excellence (PEA-PRAISE), PRA Employee’s Manual and the Grievance Mechanism. These policies and protocols aim to guarantee a fair and safe working environment, encourage participation in the Agency's health and wellness programs, promotoe corporate activities for employees and camaraderie building, and encourage creativity and innovativeness in the corporate culture.

On July 8, 2021, the PRA Board adopted and approved the PRA Workplace Handbook on COVID19 Management and Prevention. which compiles the
essential information based on important issuances on COVID-19 prevention and
management in the workplace by relevant agencies. The handbook provides proper guidance and appropriate information to all PRA officers and employees, as well as key stakeholders, to ensure that the PRA workforce and their families are safe and secure from the threat of the COVID-19 while continuously providing quality public service to the Filipino people.

Further, the PRA Mental Health and Wellness Program was adopted and approved by the PRA Board on December 14, 2021. Said program is part of PRA's commitment to the well-being of its employees by ensuring that mental health is valued, promoted and protected; mental health conditions are treated and prevented; such health services are free from coercion and accountable to the service users; and employees affected by mental health conditions are able to exercise the full range of human rights, and participate fully and productively at work, free from stigmatization and discrimination.

 Y

- PRA Employees' Manual 

- PEA-PRAISE 

- Grievance Machinery 

- Employees' Health & Safety: PRA Workplace Handbook on COVID-19 Management and Prevention 

- PRA Mental Health and Wellness Program 

 I

 5.b

Does the GOCC publish data relating to health, safety and welfare of its employees?

The PRA COVID19 Pandemic Response Team (PC-PRT) was created to serve as the focal team responsible for the creation and enforcement of the PRA Workplace Handbook on COIVD 19 Management and Prevention. The Handbook was approved on 08 July 2021 by the PRA Board of Directors under Resolution No. 5356, Series of 2021 as amended. Said Handbook provided guidelines and protocols when physically reporting to the office, alternative work arrangement for employees, protocols for contact tracing, isolation and quarantine, and tesing, maintaining health and safety, and other assistance for the employees in order to protect their health and safety during the pandemic.

To ensure employee health and safety, strict contact tracing mechanisms were put in place. COVID-19 care kits were provided to employees who contracted COVID-19. Free RT-PCR testing were made available to employees in partnership with Red Cross. Data on these initiatives and employee assistance were provided in the disclosure.

1) Strict contact tracing mechanisms were put in place;
2) COVID-19 packages and immune booster kits (including multivitamins, medicines, thermometer, pulse oxymeter, gargle solutions, etc) were provided to all officers and employees;
3) Additional COVID-19 care kits/packages were provided to employees who contracted COVID-19;
4) Free RT-PCR testing were made available to employees in partnership with Red Cross;
5) Conduct of Corporate Online Wellness Program on April 20, 2021, including a webinar on "Diet & Mental Health: The Food-Mood Connection", and "Nutrition Consultation", where 111 employees participated;
6) Transport services were provided to aid in the travel of employees going to and from the work premises and to ensure that they incur limited exposure to public areas;
7) Personal protective equipment such as face masks, face shields, consumables such as alcohol and paper towels were distributed to employees on a regular basis;
8) Free Influenza and Pneumococcal vaccines were likewise provided to the employees.

 Y

- Employees' Health & Safety: PRA Workplace Handbook on COVID-19 Management and Prevention 

- Data on PRA Health and Safety Against COVID-19

 I

5.c

Does the GOCC have training and development programmes for its employees?

The PRA established a partnership with the Development Academy of the Philippines (DAP) since 2016 for the PRA’s transition to a competency-based Human Resource Management and Development System. The PRA Individual Strategic Engagement Development and Activation Program (PRAISE) aims to fully install PRA’s competency framework for employees’ exemplary performance into the Agency’s human resources system.

In 2021, units/offices were mobilized to conduct their respective Learning and Development planning, following the guidelines set forth in the PRA Individual Strategic Engagement Program (PRAISE) Manual. Crafting of the Individual Development Plans (IDP) also commenced to address the competency gaps and improve the competency levels of the employees in the core, leadership, and technical competency areas. A number of trainings were attended by the PRA employees responsive to their individual competency needs.

 Y

- PRA Career Development Plan 

 I

 5.d

Does the GOCC publish data on training and development programs for its employees?

 Y

- 2021 Trainings Attended by Employees

 I

 6.a

Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?

Disclosed in the PRA website's Employees Hub are the policies with procedures/mechanisms that the Agency adheres to in order to secure and protect our employees. The Whistleblowing Policy and Grievance Machinery are policies in place which likewise lay out the procedures/mechanism, reporting channels and conditions. The PRA likewise issued Office Order No. 076, s. 2011, constituting the Committee on Decorum and Investigation and describing their functions in accordance with the RA. 7877 (An Act Declaring Sexual Harrassment Unlawful in the Employment, Education and Training Environment)

Y

- PRA Employees Hub 

- PRA Whistleblowing Policy 

- Grievance Machinery 

- Office Order No. 076, s. 2011 

 I

6.b

 II

7.a

Does the GOCC's website disclose the following items: Corporate objectives

Disclosures on Agency's Strategy Map and Performance Scorecard pertaining to the CY2021 strategic objectives are accessibale via the PRA's Corporate Governance webpage

CORPORATE OBJECTIVES
1. To reclaim land, including foreshore and submerge areas, by dredging, filling or other means, to acquire reclaimed land;
2. To develop, improve, acquire, administer, deal in, sub-divide, dispose, lease and sell any and all kinds of lands, buildings, estates, and other forms of real property, owned, managed, controlled and/or operated by the Government; and
3. To provide for, operate or administer such services as may be necessary for the efficient, economical and beneficial utilization of the above properties.

STRATEGIC/MEASURABLE OBJECTIVES BASED ON CY2021 STRATEGY MAP
1. Increase number of environmentally sound buildable areas for development
2. Promote and integrate a comprehensive coastal defense/protection strategy into development plans
3. Increase support of stakeholders, address concerns of affected communities and gain social acceptance of development projects
4. Increase revenue and improve cash flow
5. Increase inventory of marketable land assets
6. Implement clear and efficient reclamation guidelines & public estates development & management
7. Strengthen culture of continuous training and innovation in the organization
8. Implement a Quality Management System (QMS)

 Y

- PRA's Corporate Governance 

- CY2021 Strategy Map and Charter Statement 

- CY2021 Performance Scorecard 

 II

7.b

Does the GOCC's website disclose the following items: Financial performance indicators

Disclosures on Agency's Financial Performance Indicators: FY2021 Audited Financial Statement are not yet received from the Commission on Audit as of date, but once available, the same shall be made accessible to the public via the PRA's Corporate Governance webpage and the Agency's annual corporate report. However, FY2021 Balance Sheet, Statement of Income and Expenses, Statement of Changes in Equity, Statement of Cash Flow are currently accessible via the Transparency Seal.

The PRA's CY2021 Strategy Map and Performance Scorecard, accessible via the PRA's Corporate Governance webpage, also contains the Agency's financial strategic measure, particularly to "Increase Revenue and Improve Cashflow".

 Y

- PRA's Corporate Governance 

- PRA Transparency Seal 

- FY2021 Balance Sheet as of December 31, 2021

- FY2021 Statement of Income & Expenses as of December 31, 2021 

- FY2021 Statement of Comprehensive Income as of December 31, 2021 

- CY2021 Strategy Map and Charter Statement  

- CY2021  Performance Scorecard 

 II

7.c

Does the GOCC's website disclose the following items: Non-financial performance indicators

Non-Financial Performance for CY2021 is disclosed through the Annual Report to the Office of the President. The PRA's CY2021 Strategy Map and Performance Scorecard, accessible via the PRA's Corporate Governance webpage, also contains the Agency's non-financial strategic measures. Non-financial Performance for CY2021 shall also form part of the Corporate Annual Report which to be published in the PRA website once the Agency receives its Audited Financial Statements from the Commission on Audit.

Y

- PRA's Corporate Governance 

- CY2021 Strategy Map and Charter Statement  

- Final Accomplishment Report for CY2021 Performance Scorecard

- Annual Report to the Office of the President 

 II

7.d

Does the GOCC's website disclose the following items: Details of whistle-blowing policy

Disclosed in the PRA website is the Whistleblowing Policy which lays out the actual procedures/ mechanisms, reporting channels and conditions. The same shall form part of the Corporate Annual Report which is to be published in the PRA website once the Agency receives its Audited Financial Statements from the Commission on Audit.

Y 

- PRA Whistleblowing Policy 

 II

7.e

Does the GOCC's website disclose the following items: Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners

Disclosure on the PRA Board's profile, biographical details, qualifications and relevant experiences, date of appointment and oath office, committee memberships, directorships and trainings attended are found in the PRA's Board and Management Profile webpage. The same shall form part of the Corporate Annual Report which is to be published in the PRA website once the Agency receives its Audited Financial Statements from the Commission on Audit.

 Y

- PRA Board and Management Profile

 II

7.f

Does the GOCC's website disclose the following items: Training and/or continuing education programme attended by each director/commissioner

Disclosure on the PRA Board's attended trainings is found in the PRA's Board and Management Profile webpage. The same shall form part of the Corporate Annual Report which is to be published in the PRA website once the Agency receives its Audited Financial Statements from the Commission on Audit.

Y

- PRA Board and Management Profile

- Summary of CY2021 Trainings Attended by the PRA Board

 II

9.

Does the GOCC's website contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?

The PRA fully complies with the Code of Corporate Governance.

A Statemenf of Full Compliance with the Code of Corporate Governance was issued by the Board Secretary dated March 22, 2022.

 Y

- Statement of Full Compliance with the Code of Corporate Governance 

 III

11.a

Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?

The PRA Governing Board annually reviews, monitors and evaluates the PRA's vision, mission, strategies, policies and procedures pursuant to their functions stipulated in the PRA’s Manual of Corporate Governance.

The PRA Board reviewed the Mission and Vision, and the CY2021 Strategy Map andStrategic Objectives in the PRA’s Annual Planning Session on January 20-22, 2021. The PRA Board likewise reviewed the Agency's accomplishments and status of strategies and performance targets in the PRA's Mid-Year Assessment and Interim Planning Session on July 21-23, 2021.

 Y

- Manual of Corporate Governance page 5 item 4.3.b and 4.3.i 

- Board's Review of the PRA's Mission and Vision and Strategies 

 III

 13.a

Are the details of the code of ethics or conduct disclosed?

Disclosure of the PRA Code of Ethics is found in the PRA's Employees Hub webpage. It is also accessible through the "About PRA" menu option

The PRA Code of Ethics describes the norms of conduct, policies, implementation process, monitoring and conduct of every employee, duties of officials and employees, prohibited acts, and penalties, which should be strictly observed. PRA also adheres to CSC rules and regulations on proper norms and conduct of a civil servant.

The coverage, as stipulated in Section 1 of the Code, states that "This Code of Conduct and Ethics shall apply to the Board of Directors, officers and employees of PRA whether appointed by the President of the Philippines, regular, permanent, temporary, contractual, co-terminous or casual employees". For any breach, violation, or commission of prohibited acts under the Code, approperiate penalties in accordance with the rules and procedures on administrative abd/or civil cases promulgated by the appropriate oversight and quasi-judicial agencies shall apply, as stipulated in Section 10 thereof.

Y 

- PRA Employees Hub 

- PRA Code of Ethics 

- PRA No Gift Policy 

III

13.b

Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?

III

13.c

Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?

The PRA implements and monitors the employees' compliance with the Code of Ethics by making the Code accessible to the employees thorugh the PRA Employees Hub for ease fo access.

The PRA strengthened the observance of the Code of Ethics by issuing the PRA No GIft Policy emphasizing the declaration of policies in the Code of Ethics. The PRA No Gift Policy, as well as the other elevant laws and issuances of other Agencies, are likewise accessible to all employees through the PRA's Employees Hub.

Y

III 

14

Does the Board appoint a Nomination Compensation / Remuneration Committee?

In accordance with Sec. 6 of the PRA Manual for Corporate Governance, the members of the Nomination and Remunerations Committee during CY2021 are:

Chairman Alberto C. Agra
Dir. Dioscoro E. Esteban, Jr.
Dir. Oscar T. Lactao
Dir. Ulysses T. Sevilla
Dir. Nolasco K. Bathan

Y

- PRA Board and Management Profile 

- Board Committee Membership for CY2021 

 III

15

Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?

The Nomination and Remunerations Committee conducted three (3) meetings in CY2021 on the following dates:

January 18, 2021
February 18, 2021
November 15, 2021

 Y

- Board and Board Committees Meeting Attendance for CY2021

 III

16

If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?

The Nomination and Remunerations Committee's CY2021 Accomplishment Report is disclosed

 Y

- Nomination and Remunerations Committee CY2021 Accomplishment Report

III 

17

Does the Board appoint an Audit Committee?

In accordance with Sec. 6 of the PRA Manual for Corporate Governance, the members of the Audit Committee in CY2021 are:

Dir. Dioscoro E. Esteban, Jr.
Dir. Oscar T. Lactao
Dir. Ulysses T. Sevilla
Dir. Nolasco K. Bathan

 Y

- PRA Board and Management Profile

- Board Committee Membership for CY2021

III 

18

If yes, is the report of the Audit Committee publicly disclosed?

The Audit Committee's CY2021 Accomplishment Report is disclosed

 Y

- Audit Committee CY2021 Accomplishment Report

  III

 19

Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?

Dir. Ulysses T. Sevilla has attended trainings and seminars on "Enhancing Audit Committee Effectiveness (Essentials)" and "Seminar on Finance for Directors", both conducted by the Institute of Corporate Directors.

Dir. Nolasco K. Bathan attended a training/seminar on "Cooperative Financial Management" conducted by the Union of Defense and Public Safety Cooperatives on June 25-26, 2016.

 Y

- Dir. Ulysses T. Sevilla CV 

- Dir. Nolasco K. Bathan CV

 III

20

Did the Audit Committee meet at least four times during the year?

The Audit Committee conducted five (5) meetings in CY2021:

Januay 12, 2021
February 22, 2021
August 25, 2021
September 23, 2021
October 11, 2021

 Y

- Board and Board Committees Meeting Attendance for CY2021 

 III

21

Does the Board appoint a Risk Management Committee?

In accordance with Sec. 6 of the PRA Manual for Corporate Governance, the members of the Risk Management Committee in CY2021 are:

Chairman Alberto C. Agra
Dir. Dioscoro E. Esteban, Jr.
Dir. Oscar T. Lactao
Dir. Ulysses T. Sevilla
Dir. Nolasco K. Bathan

 Y

- PRA Board and Management Profile 

- Board Committee Membership for CY2021

  III

22

If yes, is the report on Risk Management Committee publicly disclosed?

The Risk Management Committee's CY2021 Accomplishment Report is disclosed

 Y

- Risk Management Committee CY2021 Accomplishment Report 

 III

23

Does at least one member of the Risk Management Committee have a background in finance and investments?

Chairman Alberto C. Agra conducted three (3) seminars for the Ateneo Center for Continuing Education on: (1) PPPs, Project Finance Diploma Course, November 14, 2015; (2) PPPs, Project Finance Diploma Course, November 19, 2016; and (3) PPP Procedures, Risks and Contracts, Project Finance Diploma Course, November 26, 2016. He also attended an Online Training Programme on Fundamentals of Infrastructure Project Finance on May to July 2011.

Dir. Ulysses T. Sevilla attended trainings and seminars on "Enhancing Audit Committee Effectiveness (Essentials)" and "Seminar on Finance for Directors", both conducted by the Institute of Corporate Directors. He likewise attended trainings on "Risk Management Sessions on How to Conduct Risk Management and Understanding Risk Management" and "Corporate Governance Conference Competing Against Risk"

Dir. Oscar T. Lactao and Dir. Dioscoro E. Esteban, Jr. attended trainings on "Risk Management Sessions on How to Conduct Risk Management and Understanding Risk Management" .

 Y 

- Chairman Alberto C. Agra CV

- Dir. Ulysses T. Sevilla CV 

- Dir. Oscar T. Lactao CV 

- Dir. Dioscoro E. Esteban, Jr. CV 

 III

24.a

Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)

Regular Board meetings are held every third Wednesday of the month. Changes and adjustments in the schedule are made relative to the availability of the GM/CEO, Chairman of the Board and Board of Directors.

Y 

 III

24.b

Does the Board of Directors meet at least monthly?

Disclosed in the CY2021 Board Meeting Attendance are the Board's conducted monthly meetings

Y

- CY2021 Board and Board Committee Attendance 

 III

24.c

Did the Board of Directors meet on at least 75% on their scheduled meetings?

 All of the scheduled monthly meetings of the Board were conducted/held and proceeded with quorum

 Y

- CY2021 Board and Board Committee Attendance

 III

24.d

Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?

All members of the Board attended 100% of all the regular and special meetings

Y

 III

24.e

Did the Board of Directors meet separately at least once during the year without the President/CEO present?

The Board of Directors conducted/held a special Board meeting on November 29, 2021 without the General Manager/CEO.

 Y

- CY2021 Board and Board Committee Attendance

 III

 25.a

Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?

The PRA's Manual on Corporate Governance stipulates that Board papers/materials are provided to the members of the Board at least three (3) working days prior the scheduled Board meeting. The Board likewise adopted a policy stipulating that Board papers for Board meetings shall be provided to the Board at least three (3) working days in advance of the meeting thorugh Board Resolution No. 4818, s. 2017.

The PRA has also implemented Paperless Board meetings. Board papers/materials can be accessed by the members of the Board online through an application specifically for PRA use only via tablets, mobile phone, laptops or desktops.

 Y

- Manual of Corporate Governance page 9 item 5.2.e

- Board Resolution No. 4818, s. 2017 

 III

25.b

Is the Board Secretary trained in legal, accountancy or company secretarial practices?

The Board Secretary's educational and professional experience is disclosed in the CV accessible in the PRA's Board and Management Profile webpage. The Board Secretary is a member of the Integrated Bar of the Philippines.

Y

- PRA Board and Management Profile

 III

26.a

Does the company have a separate internal audit function?

The PRA's Table of Organization indicates that the PRA Internal Audit Division is under the Board of Directors

Y

- PRA Table of Organization 

 III

26.b

Does the appointment and removal of the internal auditor require the recommendation of the Audit Committee?

As approved by the Board in its Resolution No. 4853, s. 2018, the PRA Audit Committee Charter was amended to stipulate "The Committee shall be responsible in endorsing to the Board the appointment and removal of the Head of the Internal Audit Division ".

Y

- Board Resolution No. 4853, s. 2018 

 III

27.a

Does the company disclose the internal control procedures/risk management systems it has in place?

The PRA's Manual on Corporate Governance discloses the responsibilities of the Risk Management Committee in performing oversight risk management functions and ensuring that risk management processes are embedded in operations.

The PRA's Material Risk Factors and Strategies also identifies the risks in internal processes and external factors.

Y

- PRA Manual on Corporate Governance item 6.5

- Material Risk Factors and Strategies 

 III

27.b

Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?

The Audit Committee certified that through the Internal Audit Division, it has rendered an oversight review of the PRA's system of internal controls and the processes of monitoring compliance with laws. Likewise, the Risk Management Committee certified that it has performed oversight review of the Agency's risk management systems and has found that the same are adequate.

This statement and certification shall form part of the Corporate Annual Report which is to be published in the PRA website once the Agency receives its Audited Financial Statements from the Commission on Audit.

 Y

- Certification on Audit Committee's Review of PRA's Internal Controls and Compliance Processes 

- Certification on Risk Management Systems

 III

 27.c

Does the company disclose how key risks are managed?

The PRA's Material Risk Factors and Strategies identifies the Agency's measures in addressing the key risks in internal processes and external factors.

The PRA's Manual on Corporate Governance also stipulates the responsibilities of the Risk Management Committee in performing oversight risk management functions and ensuring that risk management processes are embedded in operations.

 Y

- Material Risk Factors and StrategiesMaterial Risk Factors and Strategies 

- PRA Manual on Corporate Governance item 6.5

 III

27.d

Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?

The Audit Committee certified that through the Internal Audit Division, it has
rendered oversight reviewof the PRA's system of internal controls and the process of monitoring compliance with laws. IT has received, deliberated and thereby elevated to the appropriate forum the reports with regards to the adequacy of PRA's internal control system. Likewise, the Risk Management Committee certified that it has performed oversight review of the Agency's risk management systems and has found that the same are adequate.

This statement and certification shall form part of the Corporate Annual Report which is to be published in the PRA website once the Agency receives its Audited Financial Statements from the Commission on Audit.

Y

- Certification on Audit Committee's Review of PRA's Internal Controls and Compliance Processes

- Certification on Risk Management Systems

 III

28

Do different persons assume the roles of Chairman and CEO?

Chairman: Atty. Alberto C. Agra

General Manager and CEO: Atty. Janilo E. Rubiato

 Y

- PRA Board and Management Profile

 III

29.a

Does the GOCC have orientation programs for new Directors?

It is the PRA policy that new appointive Director/s undergo orientation program facilitated by the Management Committee and Corporate Planning & MIS Department. The orientation covers topics of PRA history, mandates, pertinent legal issuances, table of organization, core functions and duties and responsibilities of each unit/department, status of PRA projects, and financial and non-financial standing of the Agency. Reference materials are given in advance as a kit for the new appointive Director/s for the latter to review before and after the orientation. Any questions or clarifications are likewise addressed by the concerned unit/department during and after the orientation.

Y

- Board Resolution No. 4818, s. 2017 

 III

 29.b

Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs?

It is the PRA policy to require the Directors to attend at least two (2) ongoing or continuous professional education programs within a given calendar year.

Y

- Board Resolution No. 4818, s. 2017

 III

29.c

Did all Appointive Directors attend at least 1 training for the calendar year?

All members of the Board attended at least one (1) trainings in CY2021:

Chairman Alberto C. Agra
- FIDIC Contract Seminar; March 29-April 2, 2021
- AMLA Compliance in the Age of the Digital World; September 14, 2021
GM & CEO Janilo E. Rubiato
- Understanding, Drafting and Negotiating Contracts; April 26-30, 2021
- AMLA Compliance in the Age of the Digital World; September 14, 2021
- Public Private Partnerships and Infrastructure Finance (For Lawyers); July 5-16, 2021
- Fundamentals of Investor-State Arbitration; November 29-December 3, 2021
Dir. Ulysses T. Sevilla
- Project Preparation to Bridge the Infrastructure Gap
- AMLA Compliance in the Age of the Digital World; September 14, 2021
- Public Private Partnerships and Infrastructure Finance (For Lawyers); July 5-16, 2021
Dir. Dioscoro E. Esteban, Jr.
- Project Preparation to Bridge the Infrastructure Gap
- AMLA Compliance in the Age of the Digital World; September 14, 2021
- Public Private Partnerships and Infrastructure Finance (For Lawyers); July 5-16, 2021
Dir. Oscar T. Lactao
- AMLA Compliance in the Age of the Digital World; September 14, 2021
- Public Private Partnerships and Infrastructure Finance (For Lawyers); July 5-16, 2021
Dir. Nolasco K. Bathan
- AMLA Compliance in the Age of the Digital World; September 14, 2021
- Corporate Governance Orientation Program for GOCCs; September 21-22, 2021

 Y

- Summary of CY2021 Trainings Attended by the PRA Board

 III

30.a

Is an annual performance assessment conducted of the Board of Directors?

The PRA developed the Annual Performance Evaluation of the Board as part of the best practices of the Agency. It is an effective tool to maintain the government corporate standard and enhance the organizational effectiveness of the corporation by way of an annual evaluation measure on the due diligence being exercised by its Governing Board in fulfilling its duties and responsibilities as mandated by law. Furthermore, the same is also utilized as basis to determine and/or develop appropriate induction and training programs for the new and existing members of the Board.

Consistent with the previous years, The PRA has successfully conducted the Board Performance Evaluation for Calendar Year 2021 among the Board and Board-level Committees as collegial bodies, as well as among the members as individual members of the Board. Said Board Performance Evlauation was conducted during the physical Board meeting on March 17, 2022 and March 22, 2022.

Y 

- Board and Board Committees Performance Evaluation 

 III

 30.b

Does the GOCC disclose the process followed in conducting the Board assessment?

The Performance Assessment is conducted annually among the Board and Board-level Committees as collegial bodies, as well as among the members as individual members of the Board. Assessors are given questionnaire with questions crafted to extract their self and peer-to-peer evaluation in the areas of Leadership, Productivity, and Diligence.

The results of the performance assessments are evaluated and deliberated upon annually by the Corporate Governance Committee in a duly constituted meeting.

 Y

 III

 30.c

Does the GOCC disclose the criteria used in the Board assessment?

The Criteria used in the Performance Assessment of the Board is as follows:

(40%) Leadership (refers to the fulfilment of Board's Key Responsibilities)

(30%) Productivity (refers to Board's formulation of policies)

(30%) Diligence (refers to Board's attendance and active participation in meetings)

Total of 100%

 Y

 III

 31

Is an annual performance assessment conducted of the Board of Directors Committees?

Consistent with the previous years, The PRA has successfully conducted the Board Performance Evaluation for Calendar Year 2020 among the Board and Board-level Committees as collegial bodies, as well as among the members as individual members of the Board. Said Board Performance Evlauation was conducted during the physical Board meeting on March 17, 2022 and March 22, 2022.

Y

CORPORATE GOVERNANCE SCORECARD REPORT B

II

8

Are the annual reports downloadable from the GOCC's website?

The CY2021 Corporate Report, as well as the previous
annual reports, are downloadable from the PRA website
through the drop-down menu "About PRA". Financial
Statements are likewise downloadable from the PRA's
Corporate Governance webpage

Y 

PRA Corporate Governance Webpage - Item 43.3.a

PRA Audited Financial Statements webpage 

2021 Audited Financial  Statement 

CY 2021 Corporate    Report

 II

10.a

Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?

The FY2021 Audited Financial Report was received from
COA on June 30, 2022. It was published in the PRA
website through the PRA Governance (PRA Audited
Financial Statements) webpage [Item 43.3.a] on July 29,
2022.

 Y

PRA Corporate Governance Webpage - Item 43.3.a

PRA Audited Financial Statements webpage

 II

10.b

Is the annual report released within 90 days from release of audited financial report?

The FY2021 Audited Financial Report was received from COA on June 30, 2022. The CY 2021 Corporate Report is
published in the PRA website on September 27, 2022.

 Y

PRA Corporate Governance Webpage - Item 43.3.a

PRA Audited Financial Statements webpage

CY 2021 Corporate Report

 II

10.c

Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?

The Chairman and General Manager & CEO, on behalf of the PRA Board, issued a Statement confirming the truth and fair view of the state of affairs of the Agency through its audited financial position and comprehensive income. The
same is likewise reflected in the CY 2021 Corporate Report's
Financial Highlights portion.

  Y

Statement of Directors for FY 2021

CY 2021 Corporate Report

 III

12 

Did the GOCC achieve 90% in the PES?

The GCG's validation of the PRA's CY 2021 Performance
Scorecard is ongoing and the rating has not been released
yet by the GCG as of this reporting date.

The GCG's rating will be based on the PRA's submitted
Final Accomplishment Report for CY 2021 (2021 PES Form
#4 - 4th Quarter), which is published in the PRA website
through its Governance webpage under Item 43.3.i

 N/A

PRA Corporate Governance Webpage - Item 43.3.i

COMPLIANCE 

 IV

1. Stakeholder Relationship

The PRA does not practice GRI on its annual reports

 N

N/A

IV

2. Timely release of annual financial reports 

Is the audited annual financial report/statement released within 30 days upon receipt from COA?

The FY2021 Audited Financial Report was received from
COA on June 30, 2022. It was published in the PRA
website through the PRA Governance (PRA Audited
Financial Statements) webpage [Item 43.3.a] on July 29, 2022.

Y

PRA Corporate Governance Webpage - Item 43.3.a 

PRA Audited Financial Statements webpage 

V

1.  Responsibilities of the Board

Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?

No member of the Board holds more than five (5) positions in GOCCs and PLCs

N 

PRA Board and Management Profile

V

2. Responsibilities of the Board

Is there non-compliance with Good Governance Conditions?

There is no non-compliance with Good Governance Conditions

N

Statement of Full Compliance with the Code of Corporate Governance